Blog Archives

Former REBGV President Darcy McLeod talks about housing affordability

Former Real Estate Board president, Darcy McLeod, in a CBC Radio interview before the event. Listen here. (Darcy’s part starts at 1:41.10) )

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Foreign nationals working through the BC Provincial Nominee Program now exempt from the addition 15 per cent PTT

Foreign nationals with Canadian work permits coming to BC through the BC Provincial Nominee Program can now be exempt from the 15 per cent additional Property Transfer Tax (PTT) (known as the foreign buyer tax) when they buy a home. The exemption began March 17,

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Why are home sales are important to our neighbourhoods?

Home sales help drive our economy and create much-needed jobs in our neighbourhoods. In 2016, in the Greater Vancouver area, 39,943 homes changed hands generating $2.5 billion in economic spin-off activity and 17,600 jobs.

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What does the PTT cost in your neighbourhood?

Housing Type MLS® HPI Benchmark Price, 2015 PTT Total Cost Annual Income Required Average Family Total Income1 Greater Vancouver Detached $1,248,600 $22,972 $1,271,572 $215,852 $109,695 Attached $543,700 $8,874 $552,574 $93,800 $109,695 Apartment $436,200 $6,724 $442,924 $75,187 $109,695 Lower Mainland Detached

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We’re asking candidates…

We’re asking candidates if they would support increasing the one per cent PTT threshold to $525,000 from $200,000.  This would mean on a modest $600,000 townhome in an outlying suburb, the PTT would be $6,750 instead of $10,000, saving home

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BC to unveil new measures to improve collection of real estate data

BC to unveil new measures to improve collection of real estate data Globe & Mail, February 16, 2016

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How would Property Transfer Tax changes affect BC homebuyers?

How would Property Transfer Tax changes affect BC homebuyers? Vancouver Sun, February 15, 2016

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Vancouver’s property transfer tax revenues are one-quarter of B.C.’s $1.15 billion total

Vancouver’s property transfer tax revenues are one-quarter of B.C.’s $1.15 billion total Vancouver Sun, February 14, 2016

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Ancient property tax adds another burden for Vancouver buyers

Ancient property transfer tax adds another burden for Vancouver buyers� Globe & Mail, October 21, 2014

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Posted in Blog Posts: PTT Articles

How would you spend the BC Budget?

Do you think the government should make changes to the Property Transfer Tax to make home ownership more affordable?  Should they increase the Homeowner Grant? Improve transit? The Select Standing Committee on Finance and Government Services wants suggestions from British

Posted in Blog Posts: PTT Articles, Blog Posts: PTT in the News
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